uity, and the amount of capital other unconsolidated subsidiaries - ten percent of the capital value of the group.valuation of the participation of the parent organization in a subsidiary that is a bank or other credit organization may be reflected in the consolidated financial statements in order to reflect the established investments in associates. in the consolidated financial statements of uniform accounting policies primenenyaetsya all companies of the group .. S. GAAP Similar to IFRS, but there are some exceptions. The consolidated financial statements are prepared on the basis of uniform accounting policies for all companies within the group, except when the subsidiary applies industry-specific regulations. Deviations in the accounting policy on consolidation due to industry-specific permitted.Similar to IFRS.consolidated financial statements of the parent company and the statements of the subsidiary are generally prepared on the same date. However, IFRS allow the consolidation of a subsidiary, which statements are prepared on a different reporting date provided that the period between the balance sheet dates do not exceed three months. Adjustments should be made in respect of significant transactions carried out in the period between the balance sheet dates .. S. GAAP Similar to IFRS, but usually amendments on operations for the period between the balance sheet dates are not made.Consolidated statements and statements of subsidiaries are prepared only on the same calendar date (end of the year or quarter). Associate - is an entity in which the investor is able to exercise significant influence, ie has the opportunity to participate in determining the financial and operating policies of an associate (but not control it.) Participation in the financial and operating policies of the company through representation on the Board of Directors indicates a significant impact. Possession of investor interest in the company, which provides at least 20% of the voting rights, requires a material impact .. S. GAAP Similar to IFRS, despite the fact that the term "affiliated company" uses the term "equity investments". GAAP does not include unincorporated companies (created without a legal entity), although, as a rule, companies are recognized in a similar way.Similar to IFRS.investor should consider the investment in the associate under the equity method. The investor is a share in the profits and losses of associates (after tax) in the profit and loss account. In the capital the investor recognizes its share of changes in equity of the associate, which were not reflected in the profit and loss of the associate. An investor should reflect an acquisition of investment difference between the purchase price and the investor's share in the fair value of identifiable net assets as goodwill. Goodwill included in the carrying amount of the investment. The capital invested in the associate is carried at cost plus its share of the profits a...
